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Trump has made many news stories, arguments, and economic and foreign policy moves after his official kick-off as U.S. president.
His very fast and strong orders and executions have sparked concerns in many countries about their stable future.
For the crypto side, Trump has been regarded as a savior, causing crypto prices to surge after his election as U.S. president.
In addition to this price increase, the Trump team issued its own token on the Solana chain, and the market cap of this official Trump token reached $73B, sucking up much liquidity in the crypto market.
It is a good lesson learned that Trump or anyone could issue their own token and then collect substantial funds to execute anything they want to realize or to become rich.
We have another golden opportunity to get rich if we are smart and understand what people want. But there may be a side effect that this token sucks up much liquidity that may prevent money from flowing into very practical and productive projects.
Official Trump Token PA
Regarding Trump's character, he is unpredictable, volatile, and thick-skinned.
Today he likes crypto and wants to engage in tariff battles with Canada, Mexico, and China. But it's possible that he may change his stance and say that crypto is worthless and that he loves Canada and Mexico and understands the tough situation of China after several months or years.
I don't think he has a deep understanding of the huge potential of digital assets and AI. He may not know how to control his laptop computer and execute blockchain transactions through Phantom or Backpack wallet. (Soon, he should know that, I guess)
One day, Trump said he loves Bitcoin without any background or logical explanation, likely just wanting to gather more voters to his side, I guess. And then crypto traders, investors, and all industry developers started to be on his side. That may be the start of this close relationship.
The intersection of politics and cryptocurrency is a complex and evolving landscape. While Trump's support has boosted the market, crypto side should focus on building reliable and stable infrastructure and the tools to attract users for the long-term stability.
Whatever reason we have or he has, I think Crypto and the US had a good chance for both sides.
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